Ace employee makes $152 million accounting error
This is a discussion on Ace employee makes $152 million accounting error within the Windy City News forums, part of the Windy City Forums category; 4:00 AM, Jan 11, 2008 - Ace Hardware discovered that a mid-level employee made innocent but enormously expensive and incorrect ...
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January 11th, 2008
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 Ace employee makes $152 million accounting error enormously expensive and incorrect entries in ledger books that eventually led to a $152 million accounting error, Ace Hardware CEO Ray Griffith said today. The employee, who worked in the finance department at the co-op's headquarters in Oak Brook, is no longer employed at Ace Hardware.
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